On the Brink: Debt Consolidation As a Last-Ditch Effort to Avoid Bad Credit (cont.)
Contributed by Alix Mcmurray
You are as vulnerable as being asked to cough or say "ahhh" by the doctor. And then you're hit with it -- how much is your current income? You balk, and then answer truthfully. Isn't that the reason you need debt consolidation in the first place? Then, you are put on hold, while your debt consolidation specialist conducts an online calculation of your repayment options. You wait, in nervous anticipation....
"I'm Sorry, But Debt Consolidation Is for People with Bad Credit, Not People Who Want to Avoid Bad Credit!"
So the jury is in -- and you're guilty as charged! You're too poor to pay your bills, and there's no helping you. You look mournfully over the courtroom of life and imagine you see a well-dressed, smiling Bad Credit Type just waiting his turn. But he's got an edge over you -- he's well paid! Never mind that he went a little crazy for a few years with his credit cards...money talks and the debt consolidation companies are listening.
The moral of this story is, yes, you can consider debt consolidation as a means of repairing bad credit. But you'll want to have an income lined up before you consider it as a means of avoiding bad credit. Simply put, make sure you dress for success!
